Regarding Sintex Industries

I would like to know about Sintex Industries. I have been accumulating this stock and at present I am having 400 shares at an average price of Rs.118/-. I will continue to accumulate this stock on every dip. My horizon is around 2 years.

Can you please also tell some shares for long term.

Regards

Raman Madan

 

IMO it is a great turnaround story. Its performance should improve / is improving with government's focus on Swatch Bharat and infrastructure.

I am accumulating this stock since it was at R's. 30. I continue to buy on dips. It constitutes 16% of my portfolio.

 

Agreed! It is a well known stock which will benefit from the mass housing and swachh bharat abhiyan.

 

I am an investor in sintex since the price of 70 and it has a habbit of showing awesome result and post result upward movement. So grab some quantity before the result on 27th april.

 

I HV 1000 share of sintex at the rate 108.pls tell me what should I do.

 

Sintex recorded very strong performance in FY15.

• During FY15, it achieved highest sales (7000 cr), highest operating profit (1257 cr) and highest net profit (Rs.529 cr). A new high on all parameters!
  
• The company managed to reduce its Interest expense first time in five years on y-o-y basis.
  
• The debt equity ratio in FY15 has improved considerably over FY14, thereby strengthening the balance sheet.
  
• In fact the performance in Q4FY15 is so far the best quarter in its history!
• The current price of 95 yields a market cap of Rs.4075 cr. It looks attractive when compared with its operating profit of 1257 cr.
• In building product segment, new products in segments of environment and clean fuels, cold chains and warehouses are driving growth along with traditional education and healthcare sectors.
  
• The company has received fresh orders in Prefab segment from new territories and new product ranges.
  
• Prefabs and Custom Molding business will drive the growth in FY'16 as well.
  
• Sintex is the only company in India to get government approval for prefabricated biogas plants.
  
• Management expects overall OPM to improve given the sale of high value added component getting increased.
  
• Overall, management expects net sales growth of around 20% for FY'16.
  
• However, promoters holding has fallen over the year from 41% to 34% in FY15.
• In the current market weakness, Sintex's stock has dropped by 30% from its peak price. It could still see a decline of 10-15% should the market continue to fall over the next few weeks.
  
• Watch out for 80-85 levels for entry.

 

Thank u very much